United Parcel Service Inc. (UPS) pilots approved a new contract ending a lengthy battle that included threats of a walkout.
The Independent Pilots Association reported that 56.5 percent of UPS pilots who voted approved of the deal with the world's largest shipping carrier. The contract runs through 2011 and will provide higher pay and health care premiums. The deal was reached after more than three years of talks.
The LA Times reports that terms of the new contract include immediate hourly pay raises of 17.7 percent for captains, IPA spokesman Brian Gaudet said. First officer immediate hourly pay raises will range from 18 percent to 25.8 percent depending on length of service. There are also pay raises in later years of the contract. Health care premiums for family policies will increase about $200 a month for all pilots, Gaudet said. Signing bonuses ranging from $34,000 to $60,000 for pilots are also part of the contract, he said.
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